SBD Global/November 8, 2017/Finance Published November 8, 2017 Boris Becker “denied that he is broke despite being declared bankrupt by a court in London and having claims against him” for more than £50M ($65.9M), according to David Charter of the LONDON TIMES. The tennis champion, who won six grand slam tournaments, told a Swiss…
The insolvency regulator has tightened conditions on promoters trying to take back the insolvent companies, allaying fears of lenders that such firms might go back to the very people who were responsible for the current mess, at lower prices. As such, no wilful defaulter can take back the company now as they…
Boris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
Former Serie A club Modena have been declared bankrupt, ending 105 years of their history. Its a sad end for the Canarini, who were locked out of the Stadio Braglia for non-payment of bills, and have not attended the last three Serie C games. Today is set to be the fourth, so failing to turn…
Published Nov. 6 at 6:03 pm The National Bank of Ukraine (NBU) in Kyiv on Oct. 4. Photo by Julia Berezovska/ Press office NBU Popular on social media The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central banks website. The NBU Board made corresponding decision No. 708-RSh/BT…
Boris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
BELGRADE (Serbia), November 6 (SeeNews) – Serbia’s government said agriculture minister Branislav Nedimovic has initiated talks with Indian companies Mahindra, Amalgamations Group and Sonalika on the privatisation of state-owned insolvent tractor maker Industrija Masina i Traktora (IMT). Nedimovic presented the opportunities for the production of tractors in Serbia to companies interested in the sector during an official…
WITHIN a three month period eight local businesses announced they were bankrupt or they were unable to pay their debts. According to the latest personal insolvency statistics released by the Australian Financial Security Authority, the total number of those in Coffs Harbour entering debt between July and September this year was 30. A total of…
Can a bank allow a company, which is facing corporate insolvency resolution proceedings under Insolvency and Bankruptcy Code and has non-performing assets (NPAs) attached to it, to pull out money? In an embarrassing case, Amtek Auto (corporate debtor) managed to withdraw money from its account in Indian Overseas Bank‘s (IOB) Hosur branch although loans taken…
The former director of a failed Victorian dairy business has admitted he controlled the company prior to its collapse, despite earlier claiming he was only the company’s seed funder and adviser. Key points: National Dairy Products was placed into administration owing farmers and other creditors more than $8 million Mr Esposito told the court…